WHY CHOOSE ICASHLOANS ?
: When you need cash quickly you want to
work with a service that is reliable and experienced in the payday
loan industry - iCashLoans is both. We pride ourselves on connecting
our customers with the best payday lenders to meet their needs. Why
waste time visiting dozens of websites trying to figure out which
lender will serve you best? iCashLoans is the only site that you need
to visit when you’re looking for a fast, secure payday
loan.

Cash Loans: "We Search 100+ Lenders
Money in Your Account Next Day"

About Us:

Our services are designed to help you find a reputable
payday lender to work with. iCashLoans has a large number of lenders
in our network, and we are confident that we can assist you in
obtaining the best payday loan to meet your needs.
Everyone hits a rough patch financially at some point, and payday
loans are a great solution for short-term cash flow problems. You
don’t have to worry about how you are going to pay an unexpected bill,
or cover an emergency expense, between pay checks - iCashLoans is your
source for finding payday loans.
Using iCashLoans is 100% free to you - we do not charge any fees for
our services. When you use iCashLoans you will save time and money.
All you have to do is provide us with basic information and we will
instantly search our network of lenders to find you the loan that
meets your needs.
At iCashLoans we pride ourselves on working with lenders that are fair
and honest in their lending practices. Our main goal is to provide you
with a great experience when searching for a payday lender. All
lenders in our network are required by law to follow all of the rules
and regulations related to payday lending.
Don’t drive around town to visit payday loan shops, and forget about
looking at website after website trying to find a loan with fair
terms. iCashLoans is the only place you need to go to find a payday
loan. We will search our vast netowrk of lenders instantaneously to
find you the loan that you are looking for.

Some lenders in our network may
automatically roll over your existing loan for another two weeks if
you don't pay back the loan on time. Fees for renewing the loan range
from lender to lender. Most of the time these fees equal the fees you
paid to get the initial payday loan. We ask lenders in our network to
follow legal and ethical collection practices set by industry
associations and government agencies. Non-payment of a payday loan
might negatively effect your credit history.

Wednesday, November 6, 2013

We can never be sure when an emergency situation will crop up. But what we can be sure of is that it will place considerable pressure on us when it does. This is especially true when the situation is financial. Getting your hands on the necessary cash quickly is often essential, which is why 1-hour payday loans are hailed as a life savior.

The reason why a payday loan, approved in 1 hour, should be so desperately needed can range from medical bills after an unexpected accident to the surprise arrival of a final notice on your mortgage.

Little surprise then that some lenders offer guaranteed faxless payday loans to applicants in this kind of position. There are several advantages to getting this type of loan, but also some disadvantages that should be kept in mind by an applicant.

Payday Loans Explained

As the name suggests, a payday loan refers to a loan given until the next payday. By extension, a 1-hour loan is a loan that is approved in just 1 hour, making it the fastest loan available. As a result, there is quite a high demand for them, despite some of the negative aspects of the transaction.

These loans are issued on the basis that it will be repaid when the next pay check is received by the borrower. The fact that is possible to get a loan approved in 1 hour is a huge positive, but approval can still only be secured if the borrower can prove that there is sufficient income to cover the loan repayment.

Once proof of income is received, it effectively means guaranteed faxless loans are there for the taking. There is little credence given to credit scores, since the loan is usually repaid in one go.

Advantages of a Payday Loan

Besides the obvious advantage of speed associated with a 1-hour loan, there are some others that suggest it is a wise move. In the case of a financial emergency, speed is the most important thing, but even when there is no emergency, these loans are highly valuable.

First of all, these loans are quite easy to get, since getting a loan approved in 1 hour suggests there is little chance of being rejected, as long as the basic criteria is met. Key criteria include proof of age (over 18), proof of citizenship (of US), proof of income and, lastly, bank details to an active account.

Because guaranteed faxless payday loans are small, ranging from just $100 to $1,500, it is a relatively easy task to repay them in full. This means that the credit score of the borrower will improve, thereby helping the borrower towards larger loans with better terms.

Disadvantages of a Payday Loan

Of course, there are some disadvantages associated with 1-hour loans too, not least the rate of interest that is charged. Thankfully, because the term of the loan is so short the amount of interest paid is low, but still, a loan of $1,000 may require repayment in full of $1,200 after 30 days.

Another disadvantage is that the loan needs to be repaid in full when the next paycheck arrives. While a loan approved in 1 hour is the solution those in need of emergency funds are after, the loan is designed to provide only what is already coming.

Clearly, guaranteed faxless payday loans have their drawbacks, but in the face of an emergency, they can be accepted. And just like every loan, shopping around online for the best deals can mean a 1-hour loan truly is the best and fastest answer to cash needs.